649 Wellington Avenue Elgin, IL 60120

$339,900

New / MLS# 12701991 / Multi Unit - Multiple / Elgin

3 Beds

2 Baths

**Completely Renovated Riverview 2-Unit Investment Opportunity!** Some work still being completed, please excuse the mess while we finish this extraordinary property for you! This turn-key multifamily property offers the perfect combination of modern updates, strong cash flow, and an unbeatable location along the Fox River in Elgin. Every major component has been renovated, allowing the next owner to enjoy a truly maintenance-friendly investment with nothing left to do but collect rent. The building features a spacious **2-bedroom unit with projected rental income of approximately $1,800 per month** and a well-appointed **1-bedroom unit with projected rental income of approximately $1,500 per month**, providing excellent income potential for both investors and owner-occupants. Both units have been beautifully updated with new finishes throughout, creating bright, modern living spaces that today's tenants are looking for. Additional features include a **full unfinished basement** offering abundant storage and future possibilities, plus an incredible **8-car parking area**-a rare and valuable amenity for a multifamily property. Situated in a desirable riverview setting with convenient access to downtown Elgin, parks, shopping, restaurants, commuter routes, and the scenic Fox River Trail, this property offers the perfect blend of location, lifestyle, and investment potential. Elgin's riverfront and downtown continue to be key attractions for residents seeking outdoor recreation and urban conveniences. **Whether you're expanding your portfolio or looking to reduce your mortgage by living in one unit while renting the other, this fully renovated, move-in-ready property is an exceptional opportunity that won't last long.** Broker Interest

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Property Details

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Unfinished, Cellar, Full, Walk-Out Access

Heating: Natural Gas, Forced Air

Lot Size: 0.12 Acres

Roof Type: Asphalt

Taxes: $4,468

Year Built: 1880

Feature Descriptions

Lot Dimensions: 45X118

Parcel#: 0624179013

Parking: Yes, Owned

Sewer: Public Sewer

Total Rooms: 8

Township: Elgin

Water: Public

Schools

School District: District 46

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/20/2026. The listing information on this page last changed on 07/20/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 07/20/2026 4:23:33 PM EST) or MRED MLS (last updated Mon 07/20/2026 4:16:33 PM EST) or NIRA MLS (last updated Mon 07/20/2026 4:15:13 PM EST) or METROMLS (last updated Mon 07/20/2026 4:20:37 PM EST) or Miami MLS (last updated Mon 07/20/2026 4:19:40 PM EST) or Stellar MLS (last updated Mon 07/20/2026 4:16:40 PM EST) or SPC MLS (last updated Mon 07/20/2026 4:21:38 PM EST) or Emerald Coast MLS (last updated Mon 07/20/2026 4:15:48 PM EST) or Fort Myers (last updated Mon 07/20/2026 4:20:44 PM EST) or Beaches MLS (last updated Mon 07/20/2026 4:12:05 PM EST) or Naples MLS (last updated Mon 07/20/2026 4:21:07 PM EST) or Bonita Springs MLS (last updated Mon 07/20/2026 4:22:18 PM EST). Real estate listings held by brokerage firms other than Baird & Warner may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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Listing Office Phone: 312-239-3626